What's going on? Guys, welcome back to the channel. Appreciate you guys tuning in. Today is a very interesting day because today the market is potentially going into a long move. So let me show you.

Okay, so today arguably CNBC might be telling us that, uh, we have a new trend up. But let's take a deeper look here. Give me just a second. My computer likes to be really dumb sometimes.

there we go. All right. So looking at this screen here here is the 50 SMA and this is pretty much going to dictate over under whether a long move can start and so on so forth. So pretty much right now the price of the market is at about 383.

So oh, one second. All right. So what's that look like? Pre-market that looks like this? it looks like the market is just now getting over 383.16 and that is the 50 SMA. So pretty much since the market is over this, we are now long bias.

If the market comes back down under this in three minutes, we will no longer be long bias. So pretty much we're long. Now You want to be long Now You're definitely not sure. Okay, this could be a false breakout.

Sure, you'll know shortly if the market Comes Back Down and Under. So for right now, since the market is getting over the 50 SMA we are going to watch the market on the upside. Or we're going to expect that right now the momentum is up. Okay, so um, going back to this screen here.

pretty much the way that we would read this in terms of moving averages. Once the nine breaks which it has, we can go to the 50.. if the 50 breaks in the market really wants to jump, then the max it will go is to the 100 SMA for right now. So in a best case scenario long pop today, going into tomorrow, we wouldn't expect the market to go over 391..

So from here, 50 estimate break Max is 391. you have a gap fill from here. Wait, no. sorry, that's actually incorrect.

The Gap fill will be from here. You have a gap fill from there to there. Okay, maybe markets want to fill gaps. Okay, so all in all your long bias since you broke the 50, the max move is going to be to the 100 SMA.

There is a gap fill here which goes up to the price of about 390.. taking this back and bringing well this one forward. All right. So now you can also see what's happened since we got through that red line.

You can see that's kind of a nice aggressive candle. So it's also some more confirmation that this level is important. The level is always important. Okay, always going to be important.

You can see there's a lot of aggressive buying volume this morning going into that level. so there is heavy buying volume increasing in the direction of the move as it breaks to the 50 SMA. So that's kind of a bonus for people that are long biased. All right.

So for right now we're not short bias. We are no longer short biased the S P 500 in the immediate. because we no longer have a short move, we have just gotten the first Buy Signal Okay, so um, for now we are bullish. Okay, now I'm going to bring over uh, trading view really quickly.

so trading view will help. Um, so pretty much I'm watching the markets up to 385 to 36. That is where I expect the markets will go today. Um, based off of the 50 SMA break.

So I think since we broke the 50 SMA Um, and we broke some V-wab's bulb doesn't really matter pretty much I Believe the market is going back to retest the bearish volume weighted average trend of the most recent Bearish move. which means markets can go probably towards three, five, three to six in my opinion. So that's where we'll be watching. and if this is a false, if it's a false Buy Signal What I mean is it can be a false Buy Signal And if it's going to be a false Buy Signal I'd imagine that we'll find resistance around the 386 35 into the upper V web resistance and um, and push Mark back down.

So for now, we're watching long Vice up to about three or four. Uh, three. sorry, three, five, three six. So that's that's pretty much it for now and then.

Maybe watching bearish at the 385 386. If the market Comes Back Down and Under the 50 SMA and invalidates the initial Buy Signal then we'll just go back to being bearish or into cash and not bullish. Um I Can't make it any more simple than that. All right, it's pretty straightforward, right? You have a break of the 50 SMA So the market will be long bias and where are we going? Long bias.

Two, we are going long bias to the Anchor V-waps of the previous Bearish move which started back here. so the market is embarrassed since here down, down, flat up hold, curl up pre-market break the 50 SMA which dictates long bias. Now we expect to move from the 50. SMA Can very well just go back to retest the bearish volume weighted average prices of the previous Bearish Trend All right guys, take care, have a great day.